Sei Investments Co. Lowers Stake in HealthStream, Inc. $HSTM

Key Points

• Sei Investments reduced its HealthStream stake by 24.9%, selling 48,466 shares and retaining 146,400 shares worth approximately $3.03 million. Other institutional investors, including Copeland Capital and JPMorgan, increased their positions, while institutions collectively own 69.58% of the stock.
• HealthStream reported quarterly EPS of $0.23, beating estimates of $0.17, and revenue of $83.73 million, above the $80.82 million consensus. Shares opened at $28.72, near the upper end of their 52-week range, with a market capitalization of about $839 million.
• The company declared a quarterly dividend of $0.035, equal to a 0.5% annualized yield, while insiders sold 11,000 shares worth $296,240 over the past 90 days. Analysts maintain a consensus “Hold” rating with a $27 price target.

Sei Investments Co. cut its holdings in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 24.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 146,400 shares of the technology company's stock after selling 48,466 shares during the period. Sei Investments Co. owned approximately 0.50% of HealthStream worth $3,032,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Copeland Capital Management LLC boosted its position in HealthStream by 43.8% during the first quarter. Copeland Capital Management LLC now owns 1,276,739 shares of the technology company's stock worth $26,441,000 after purchasing an additional 389,186 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of HealthStream by 302.0% in the second quarter. JPMorgan Chase & Co. now owns 247,905 shares of the technology company's stock valued at $6,860,000 after buying an additional 186,231 shares in the last quarter. Qube Research & Technologies Ltd raised its stake in shares of HealthStream by 77.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 251,953 shares of the technology company's stock worth $6,972,000 after buying an additional 109,883 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of HealthStream by 6.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,456,043 shares of the technology company's stock worth $30,156,000 after buying an additional 87,177 shares during the period. Finally, Numerai GP LLC acquired a new position in shares of HealthStream during the 3rd quarter worth approximately $1,911,000. Institutional investors and hedge funds own 69.58% of the company's stock.

HealthStream Trading Up 2.1%

HSTM opened at $28.72 on Friday. The firm has a market capitalization of $839.20 million, a PE ratio of 39.89, a PEG ratio of 3.19 and a beta of 0.44. HealthStream, Inc. has a twelve month low of $19.50 and a twelve month high of $31.11. The firm's 50-day moving average price is $27.22 and its 200 day moving average price is $23.54.

HealthStream (NASDAQ:HSTM - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The technology company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.06. HealthStream had a net margin of 6.60% and a return on equity of 6.81%. The company had revenue of $83.73 million during the quarter, compared to the consensus estimate of $80.82 million. As a group, analysts predict that HealthStream, Inc. will post 0.74 earnings per share for the current fiscal year.

HealthStream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 17th will be given a $0.035 dividend. The ex-dividend date is Monday, August 17th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.5%. HealthStream's dividend payout ratio is 19.44%.

Insider Activity at HealthStream

In other HealthStream news, EVP Kevin P. O'hara sold 3,000 shares of the company's stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $24.08, for a total value of $72,240.00. Following the completion of the sale, the executive vice president directly owned 20,982 shares in the company, valued at $505,246.56. This represents a 12.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Linda Rebrovick sold 6,000 shares of the firm's stock in a transaction on Monday, July 6th. The stock was sold at an average price of $29.00, for a total value of $174,000.00. Following the completion of the sale, the director directly owned 51,329 shares of the company's stock, valued at $1,488,541. This trade represents a 10.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 11,000 shares of company stock valued at $296,240. Insiders own 20.40% of the company's stock.

Wall Street Analyst Weigh In

HSTM has been the topic of a number of research analyst reports. Canaccord Genuity Group lifted their price target on shares of HealthStream from $24.00 to $27.00 and gave the company a "hold" rating in a research note on Tuesday, July 21st. Weiss Ratings upgraded shares of HealthStream from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, June 23rd. Finally, Wall Street Zen raised shares of HealthStream from a "hold" rating to a "buy" rating in a report on Saturday, May 9th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, HealthStream currently has a consensus rating of "Hold" and a consensus price target of $27.00.

HealthStream Company Profile

HealthStream, Inc is a Nashville, Tennessee–based provider of workforce development and learning management solutions for healthcare organizations. Since its founding in 1990, the company has focused on helping hospitals, clinics and other care providers streamline staff training, ensure regulatory compliance and monitor employee performance. HealthStream's platform integrates online courses, skill competency assessments and credential management tools to support workforce readiness across the healthcare continuum.

The company's core offerings include a learning management system (LMS) designed specifically for clinical and nonclinical personnel, a competency management suite that tracks skill acquisition and validation, and a content library featuring evidence-based clinical and compliance training modules.

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